A Fitch Group unit has upgraded its 2018 growth forecast for the Philippines following stronger-than-expected first quarter results but also warned of a slowdown over the rest of the year.
In a report released Thursday, BMI Research said it now expected real gross domestic product (GDP) growth of 6.5 percent this year, higher than the previous 6.3-percent projection, on the back of the 6.8-percent expansion registered in the first three months of the year.
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